Hi S Power
Thanks for pointing that out. It's something I noticed but didn't pay too much attention to as I thought trying to do it more accurately would easily make it more profitable.
From the Vegas document
If using the 8SMA line to calcuate the profit 'reduces' the profit, then I 'assumed' that calculating the 'close price/exit at limit' as accurately as possible would result in an 'increase' profits and proving the system was profitable would be a breeze!
However, at the moment, I cannot show to myself that this is the case, and if I am going to be trading it mechanically as per the rules, I cannot prove to my satisfaction that I will be able to achieve anywhere near the profit levels as stated in the document.
I would be grateful if there is anyone who is able to list out the trades that prove that if the system traded as per the vegas document rules would be able to achieve close to the results as presented. I've tried but have not been able to do this. I have posted my spreadsheet of trades above for anyone who has the inclination to find mistakes in my calculations.
Best regards
Alan
Quoting xspowerxDislikedFirehorse, this ones for you.
The reason you have trouble achieveing the same gains as Vegas states in his spreadsheet is because he uses the close of the 4hr 8 SMA and not the price of the bar! Its very confusing, and you must read it carefully to finally comprehend the pricing. It wasn't written in bold letters, and took me many times to finally catch it till now.
Having that said, gains can be much much different then stated.Ignored
From the Vegas document
Quoting vegasDislikedWhen taking profits we ignored fib numbers from the market price and instead used the 8 SMA line if it hit a fib number. We did this because it was much easier to calculate and took far less time than analyzing each bar on every chart with every pair. Note though, that this REDUCES profitability tremendously over time. The market is much more likely to hit fib numbers than the 8 SMAIgnored
However, at the moment, I cannot show to myself that this is the case, and if I am going to be trading it mechanically as per the rules, I cannot prove to my satisfaction that I will be able to achieve anywhere near the profit levels as stated in the document.
I would be grateful if there is anyone who is able to list out the trades that prove that if the system traded as per the vegas document rules would be able to achieve close to the results as presented. I've tried but have not been able to do this. I have posted my spreadsheet of trades above for anyone who has the inclination to find mistakes in my calculations.
Best regards
Alan